Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 4 March 2021 10:43 pm

  U.S. Treasury Yields Rise Following Powell’s Remarks

  

  Treasury bond yields in the United States continued to noticeably rise on Thursday, after the Chairman of the U.S. Federal Reserve, Jerome Powell, noted that the Fed is monitoring the debt market to observe any tightening conditions. Powell said that some inflationary pressures are expected in the coming period, but …

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• 4 March 2021 10:34 pm

  Powell’s Comments Spark Negative Market Reaction

  

  The Chairman of the United States Federal Reserve, Jerome Powell, expects a rise in inflation in the U.S. in the coming period, but ruled out that it will impose enough pressure to raise interest rates. “We expect that as the economy reopens and hopefully picks up, we will see inflation …

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• 4 March 2021 9:39 pm

  European Stocks Fall as Treasury Yields Rise

  

  European stocks declined on Thursday as Treasury yields rose, with the pan-European STOXX 600 index losing 0.38%, after falling by 1% earlier in the session. The basic resources sector fell by 4.3%, while the utilities sector gained 1.7%. The French CAC40 index closed marginally higher by 0.01%, while the German …

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• 4 March 2021 8:23 pm

  Dollar Rises Strongly Against Safe Haven Currencies

  

  The U.S. Dollar (USD) rose on Thursday against safe-haven currencies, such as the Japanese Yen (JPY) and the Swiss Franc (CHF), supported by the increase in Treasury yields. The USD/JPY pair is up for the day by 0.57%, trading at 107.620. The pair has been moving today in a range …

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• 4 March 2021 7:30 pm

  U.S. Natural Gas Inventories Down 98 bscf in Week: EIA

  

  Natural gas inventories in the United States decreased by 98 billion cubic feet (bscf) last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday. The decline in natural gas supplies came below market expectations that pointed to a drop of 137 bscf for the week ending on …

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• 4 March 2021 7:00 pm

  U.S Factory Orders Rise 2.6% in January

  

  Factory orders in the United States increased by 2.6% in January, data by the U.S. Census Bureau showed on Thursday. The reading exceeds that of market expectations, as a recent Dow Jones and Wall Street Journal poll of market experts expected a 2.3% increase in factory orders. The manufacturing sector …

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• 4 March 2021 5:52 pm

  US: Weekly Initial Jobless Claims Rise to 745K

  

  There were 745,000 initial claims for unemployment benefits in the US during the week ending February 27, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous one of 736,000 and came in better expectation of 750,000.

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• 4 March 2021 5:34 pm

  New Car Sales in Britain Fall in February

  

  Preliminary data from the Union and distributors of automotive manufacturers in Britain showed that new car registrations fell by about 36% in February on an annual basis as forced public isolation procedures imposed anti-covid-19. The union noted that the volumes sold are at their lowest level in February since 1959. …

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• 4 March 2021 5:30 pm

  US: Challenger Job Cuts Drop to 34,531 in February

  

  Planned job cuts in the US-based employers dropped to 34,531 in February from 79,552 in January, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.

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• 4 March 2021 4:40 pm

  Oil Extends Gains Thanks to The Possibility of OPEC+ Sticking to Cutting Supplies

  

  Oil prices rose for the second session in a row on Thursday, March 4, as they received support from the possibility of OPEC+ producers taking a decision against increasing production at an important meeting to be held later today, along with the decline in the US fuel stocks. Brent crude …

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• 4 March 2021 3:24 pm

  FAO: The World Food Price Index Rose For The Ninth Month in a Row

  

  The Food and Agriculture Organization of the United Nations (FAO) said that global food prices rose for the ninth consecutive month in February, reaching their highest levels since July 2014, led by jumps in the prices of sugar and vegetable oils. The FAO Food Price Index, which measures monthly changes …

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• 4 March 2021 3:23 pm

  Eurozone Retail Sales Decline in January

  

  The data published by Eurostat showed on Thursday that Retail Sales in the euro area contracted by 5.9% on a monthly basis in January. This reading followed December’s increase of 1.8% and fell short of the market expectation for a decline of 1.1%. On a yearly basis, Retail Sales fell …

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• 4 March 2021 2:50 pm

  The Turkish Lira is Slipping Towards Its Lowest Level Since The Beginning of 2021

  

  The Turkish lira weakened on Thursday (March 4th) and reached a level of 7.5 for the first time since January 18, under pressure from global concerns about rising US Treasury yields and concern over rising inflation in Turkey. The Turkish lira fell against the dollar to 7.5145 compared to 7.4550 …

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